Sales tax

[paul heller]

[quote="a1gutterman"]but as it is not required by the state that the company resides in, or does business in, they do not have to comply with that law]

Thanks for clearing that up, Tim. I never knew this.

Paul

[paul heller]

All other jurisdictions are amateurs compared to the province of Quebec where we have I believe the highest rate of taxation in North America.

Ah, but the loony is worth so much now

the biggest growth sector of the economy is taxes.

Wow. What could I possible say in return to that statement?

Paul

[a1gutterman]

Yeah Ed! It is a can of worms! There is no easy solution. The ability to tax and to collect taxes changes frequently. The safest way is for companies to collect and disperse appropriate taxes.

When I lived in Montana, we sometimes shopped in Washington. We had a document that freed us from paying sales tax on anything we bought in Washington. At that time it was an agreement between the two states as many folks from WA often went to MT to shop. All Washington merchants would give us the document when we asked and showed out Montana Drivers License.

When we were traveling the Nation in our motorhome, (full timers) we used a mail forwarding address in Ohio, run from a motorhome club. We were surprised to find that Ohio wanted income tax on all of the pension checks received during that year. We immediately changed our mail address to Texas, (with no income tax)

Ohio seems to be a state that is very tax aware and wants complete compliance.

Hi Chuck,
It is still true for the state of Washington: Shoppers that can prove they reside out-of-state DO NOT have to pay Washington State Sales Tax. Washington residents; however, must pay Washington State sales tax on items they buy from out-of-state.

[ryanbp01]

If there are any Hoosier Shopsmith Owners, beat the state sales tax increase of 7% by ordering before 4/1.

BPR

[chrispitude]

Frankly I wish they would quite messing around with 'this' tax and 'that' tax, 'this' exemption and 'that' exemption. I think they need an 'X' percent universal sales tax (on every and any sale excluding food for personal comsumption) and the money be dispersed for use by to local/state/federal government by population. No tax form, and no exemptions.

Ed

Hi Ed,

Check out FairTax.

- Chris

[dusty]

If there are any Hoosier Shopsmith Owners, beat the state sales tax increase of 7% by ordering before 4/1.

BPR

A tax increase of 7% or to 7%???

[Len]

Hi Ed,
Check out FairTax.
- Chris

My wife often reminds me that I am wrong, so there may be nothing new in the following, but a fair tax really is a major tax break for the wealthy. As I understand it, something like 80% of all taxes now are paid by 10% of wealthy folks. Close that gap and they get a great break and become more wealthy. The government is NOT going to stop spending as much $ as they do now. Those poor buggers are addicted to Other People's Money and need treatment. Tough love would be good: throw them all out and make them work for a living! No, it is not "this guy or that guy", it is YOUR guy. Make sure the legislator you vote into the House of Reps is as cheap with a dollar as you.
'Nuff said, at least for 2 cents. Now let's get back to the real reason we are here: WORK and PLAY.

[Ed in Tampa]

My wife often reminds me that I am wrong, so there may be nothing new in the following, but a fair tax really is a major tax break for the wealthy. As I understand it, something like 80% of all taxes now are paid by 10% of wealthy folks. Close that gap and they get a great break and become more wealthy. The government is NOT going to stop spending as much $ as they do now. Those poor buggers are addicted to Other People's Money and need treatment. Tough love would be good: throw them all out and make them work for a living! No, it is not "this guy or that guy", it is YOUR guy. Make sure the legislator you vote into the House of Reps is as cheap with a dollar as you.
'Nuff said, at least for 2 cents. Now let's get back to the real reason we are here: WORK and PLAY.

Your probably right 80% of the tax is paid by 10% of the wealthy but I think you will find their tax percentage is far lower than yours. If you make $50,000 and pay 10% you pay $5000. If you make $50,000,000 and pay only 3% your playing 1.5 million. Easy to see why they are paying 80% of the taxes but keeping a bigger percentage than you.
Now figure if everyone paid just 5% you would pay $2500 and they would pay 2.5 million. Each one would have a fair cut. Now figure if the tax was only on what you bought excluding food, medicine. Now you would see your taxes fall even lower but their tax bill would grow.
Ed

[ryanbp01]

A tax increase of 7% or to 7%???

Dusty--

Sorry for the confusion. Our state legislature passed a 1% sales tax increase in the session which ended about a week ago. Our sales tax rate is increasing from 6 % to 7 % effective 4/1/08. Their thinking is that it is supposed to offset property tax. I belive that this will make our state sales tax higher than that of Ohio as well as other surrounding states. Sales taxes are regressive taxes. You pay it regardless of income. I feel for those of you who may be on a fixed income. It just makes the final cost of a good more expensive.
BPR

[a1gutterman]

Your probably right 80% of the tax is paid by 10% of the wealthy but I think you will find their tax percentage is far lower than yours. If you make $50,000 and pay 10% you pay $5000. If you make $50,000,000 and pay only 3% your playing 1.5 million. Easy to see why they are paying 80% of the taxes but keeping a bigger percentage than you.
Now figure if everyone paid just 5% you would pay $2500 and they would pay 2.5 million. Each one would have a fair cut. Now figure if the tax was only on what you bought excluding food, medicine. Now you would see your taxes fall even lower but their tax bill would grow.
Ed

Hi Ed,
With my income and deductions, I pay very little in Federal Income Taxes; less then $500 this year. If we replaced that with a Federal sales tax, I am sure that I would be paying more then that.